Buyers Look To Get Ahead of the Market

Pork Profit Maximizer – Foodservice Edition March 4, 2019 There is little question that the current pork market offers plenty of opportunities to promote pork in Q2. The three charts in the previous page illustrate the seasonal trend for the price of butts, ribs and pork trim in May, June, and July. Buyers that recognize […]

Lower Pork Prices Offer Opportunities for Retailers Headed Into Spring

Pork Profit Maximizer – Retail Edition March 4, 2019 The pork cutout last week was as low as $59.6/cwt, 23% lower than a year ago and the lowest cutout value since the fall of 2009. There is not one single reason for the sharp value erosion in the pork complex. Pork supplies have increased, something […]

Pork Production Running Over 5% Above Year Ago Levels

Pork Profit Maximizer – Food Service Edition February 18, 2019 Weekly hog slaughter in the first seven weeks of the year was 4.5% higher than a year ago and about 2 points higher than what was expected based on the inventory survey. We think hog weights during this period were about 1% higher than a […]

Larger Pork Supplies Pressure Hog Prices Lower

Pork Profit Maximizer – Retail Edition February 18, 2019 So far pork supplies have far exceeded expectations. Following the release of the December ‘Hogs and Pigs’ report, we estimated that pork production in the first quarter of 2019 would be 1.9% higher than the previous year. It is important to note that there was an extra […]

More Packing Capacity and Fewer Hogs Bolster Prices and Pressure Margins

Pork Profit Maximizer – Retail Edition February 4, 2019 It is important to understand the myriad ways in which hogs are priced and delivered these days. Gone are the days when all you had to do was look at the IA/MN lean base price and have a pretty good idea where hogs were trading at. […]

Ample Pork Supplies Pressure Spot Prices

Pork Profit Maximizer – Food Service Edition February 4, 2019 Ample pork supplies pressure spot prices but futures maintain ASF risk premiums for summer and fall. Nearby lean hog futures have come under pressure in recent weeks and the premiums following African Swine Fever (ASF) outbreaks in China have been mostly erased at this point. […]

Beef exports remain above year ago levels

Pork Profit Maximizer – Foodservice Edition Beef export update: US beef exports have declined compared to where they were during the summer but they still remain above year-ago levels. Total exports of fresh/frozen and cooked beef in October were 89,977 MT, 4.7% higher than a year ago. The value of US beef and veal exports […]

Total inventory of beef, pork, chicken and turkey in cold storage at the end of October was 2.474 billion pounds, 1.4% higher than a year ago

Pork Profit Maximizer – Retail Edition Inventories declined 5.6% compared to the previous month compared to an average drawdown of about 3.6% in the last five years. High prices for some products, especially beef and pork, appear to have encouraged users to draw down inventories rather than continue to pay inflated prices in the spot market. […]